Borders to Liquidate
Pedestrians pass a Borders Bookstore on July 18, 2011 in San Francisco, California. Borders Group Inc., the nation's second largest bookstore chain, annouced that it will liquidate the company after failing to find a buyer following a Chapter 11 bankruptcy filing and attempted reorganization. Nearly 400 stores will close and an estimated 11,000 jobs wil be lost. Photograph: Justin Sullivan/Getty Images.